Despite receiving some financial help from the International Monetary Fund, the World Bank and the Stabilization Fund of the country amounting to US$1.569billion, Ghana still needs GH₵17.9billion to address its fiscal gap as a result of the impact of the novel Coronavirus (COVID-19), the Finance Minister, Ken Ofori-Atta has revealed.
The Human Rights Division of the Accra High Court presided over by Justice Gifty Agyei Addo has dismissed an application by the Bank of Ghana (BoG) seeking to halt proceedings in a case initiated against it by HODA Holdings. The BoG was challenging the decision of the High Court that dismissed their claim earlier that […]
The President of the Republic, Nana Addo Dankwa Akufo-Addo, on Tuesday, 19th May, 2020, launched the GH¢1 billion Coronavirus Alleviation Programme Business Support Scheme, which is being provided by Government and selected participating banks to micro, small and medium-scale businesses around the country.
The Conference of Heads of Private Second-Cycle Schools (CHOPSS) and the Ghana National Association of Private Schools (GNAPS) have sent an SOS message to the President, Nana Addo Dankwa Akufo-Addo, appealing to him to help save their collapsing business. They want the President to give them a stimulus package that will revitalize their business and […]
Painstaking investigations conducted into the operations of the newly Integrated Customs Management System (ICUMS), otherwise known as UNIPASS, has revealed that their system is not connected to that of the Driver and Vehicle Licensing Authority (DVLA). The situation has, therefore, exposed revenue leakages associated with the ICUMS platform unlike the Ghana Customs Management System (GCMS) […]
The management of the Electricity Company Limited (ECG) has expressed worry about intermittent power supply currently being experienced in some parts of the Ashanti Region. Businesses in the region are bearing the brunt of the outages in power supply with the utility company also suffering revenue losses. According to the Managing Director of ECG, Kwame […]
The Obuasi Municipal Assembly has shutdown the Obuasi Central Market among two others. The move is to enforce physical social distancing and other protocols of Covid 19 to mitigate spreading of the viral disease in the mining city. The Municipal Assembly has also directed all drinking spot operators to also close down shops to business […]
The Minister of Finance, Ken Ofori-Atta, is expected to be in Parliament on Monday, March 30, 2020, to brief Members on the impact of the coronavirus (COVID-19) pandemic on the Ghanaian economy. The briefing, www.politicoghana.com understands, will mainly focus on Government’s COVID-19 Alleviation Program that seeks to minimize the adverse impacts of the coronavirus on […]
The President of the Republic, Nana Addo Dankwa Akufo-Addo, has launched the Ghana National Plastics Action Partnership, which seeks to stop the growth of global plastic pollution, and also ensure, amongst others, that plastics do not find their way into the country’s marine bodies. Speaking at the launch of the initiative on Tuesday, 1st October, […]
The Bank of Ghana (BoG) has fined the Barclays Bank of Ghana an amount of GH₵4,579,256.32 for making frivolous quotes on Ghana’s Interbank Foreign Exchange Market. The action of Barclays Bank, according to the Central Bank, is in breach of the Ghana Interbank Forex Market Conduct Rules. A statement dated Monday, June 3, 2019, and […]
French multinational automobile manufacturer, Renault, is considering the establishment of an automobile assembly plant in Ghana, following in the footsteps of Volkswagen, Nissan and Sinotruk that will, this year, establish assembly plants in Ghana. Vice President and Chairman of the Africa-Middle-East-India (AMI) Region at Renault, Fabrice Cambolive, made this known on Monday, 28th January, 2019, […]
The embattled CEO of gold dealership firm, Menzgold, Nana Appiah Mensah, aka NAM 1, is set to be trialed in the United Arab Emirates on February 2, 2019 to be determine whether he will be imprisoned or released to the Government of Ghana. NAM 1 is currently being investigated by the Ghana Police Service and […]